National Property REIT Corp. Exits Dylan at Grayson Investment with 1.7 Times Cash on Cash Return
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National Property REIT Corp. (NPRC) has sold its Dylan at Grayson property in Georgia for $56.7 million, achieving a 1.7 times cash on cash return on an investment made in December 2020.
November 21, 2024 | 12:15 pm
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National Property REIT Corp., potentially linked to Prospect Capital Corporation (PSEC), sold a property for $56.7M, achieving a 1.7x cash on cash return.
The sale of the Dylan at Grayson property by NPRC, which may be associated with PSEC, indicates a successful investment exit with a significant return. This could positively impact PSEC if they are indeed related, as it reflects effective asset management and potential for increased revenues.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50